Start Trading with $50,000
Standard Indices Trading Accounts use contract sizes called standard lots. These Standard Indices Trading Accounts are often appropriate for traders without a lot of capital and can sometimes be opened with a $50,000 balance - this account would be suited for those wanting to begin trading with $50,000.
This option allows stock traders to start trading with $50,000 because the trader to open trades in Standard lots.
This option is generally best suited for equity balances which are between $10,000 and $50,000
In Indices, one standard lot is the standard trade minimum of indices. But many brokers offer fraction of this standard lot to enable more retail traders to access the market - this account is suited for those wanting to begin trading with $50,000. Being able to offer Standard lots & micro lots minimizes the minimum transaction size thus giving the beginners & also those without a lot of capital to start investing with an opportunity to get a feel of the market.
There is availability of online tutorials that trader can read even before opening an account, and to get extra practice without investing money should open a practice Indices Trading practice account with a broker. Demo account money is equivalent to virtual money and therefore traders can practice placing trades without depositing real money.
During the training period using demo account, the beginners will learn the key factors needed to trade the market such as: trading basics education, money management in indices, trading plan and systems.
The types of strategies used and the skills required for any of these 2 are essentially the same - those required for Standard account or Micro account are same the only difference to be adjusted. For traders wanting to start trading with $50,000 then the Standard account is account type they will need to state when opening a account. To learn about the indices money management rules for traders who want to begin trading with $50,000.